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Snapchat financials reveal it lost 3m daily users last quarter

Snap, Inc reported its latest quarterly financial results last night, and the show the first ever quarterly decline in daily active users (DAUs) since Snapchat first launched. Ouch. Snapchat ended June with 188 million...
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iHeartRadio’s latest milestone is 120m registered users

iHeartRadio’s parent company may be enduring financial troubles, having filed for bankruptcy in March, but the streaming service has a new milestone to celebrate. “Thanks to all you music lovers, we’ve officially surpassed...
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Napster revenues are down by nearly 18% year-on-year

Music-streaming service Napster saw a notable year-on-year decline in its revenues last quarter, according to its latest financials. The company’s revenues dropped from $44.1m in the second quarter of 2017 to $36.2m in...
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WMG talks streams as label shares Spotify windfall with artists

Warner Music has completed the set of major labels declaring their financial results for the second quarter of 2018, and it offered a similarly-positive growth story to its rivals. WMG’s revenues grew by 4.5% year-on-year...
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Citi report claims US music industry generated $43bn in 2017

The latest report trying to tell the big-picture story of the music ecosystem comes from financial firm Citi, whose ‘Putting the Band Back Together’ study promises that it’s “remastering the world of music”. Its...
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New Zealand study reveals Spotify overtaking YouTube for music

A new study of entertainment habits for New Zealanders has some interesting findings about the music-streaming landscape there. The survey was conducted by New Zealand On Air, the body that funds audio and visual public-media...
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Report claims Amazon has sold around 50m Alexa-powered devices

There’s an interesting stat in the latest article by tech site The Information, although we have rather given it away in the headline. “Amazon has sold about 50 million Alexa devices,” it claims, based on information...
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Spotify reveals 1bn-streams milestone for Spotify Singles

Spotify announced its ‘Spotify Singles’ initiative at the end of November 2016: plans to launch double-track releases recorded by artists in its own studios, pairing live recordings of their own songs with covers of their...
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Amazon Prime Music may have overtaken Apple Music in UK

It’s been clear for some time that in terms of music subscribers, Amazon is now the third player globally behind Spotify and Apple Music. Could it have vaulted Apple Music into second place in the UK however? That’s...
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Smart speaker sales, forecasts and market share: Amazon Echo, Google Home, Apple HomePod and more

The music industry is intensely interested in the growth of the market for smart speaker devices: Amazon Echo, Google Home, Apple HomePod and other speakers controlled via voice assistants like Alexa, Google Assistant and...
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YouGov study claims fewer Brits are pirating music

Market-research firm YouGov has put out some new figures on online piracy in the UK, claiming that there is good news for the music industry. “The number of Britons that are illegally downloading music is decreasing…...
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Amazon estimated to have 70% of US smart-speaker market

The latest analysis of the smart-speakers market comes from Consumer Intelligence Research Partners (CIRP), which reckons that the US install base of these devices is now 50m units. The company’s survey of 500 owners...